Altria GroupAdjusted EPS missed estimates and operating margin declined, despite revenue meeting expectations.

Altria reported second-quarter revenue of $5.36 billion, meeting Wall Street expectations with 1.2% year-on-year growth, but its adjusted earnings per share of $1.48 missed analyst estimates by 1.2%. Operating margin declined to 58.6% from 61.1% a year earlier, reflecting ongoing investments in smoke-free products and consumer strain. CEO Salvatore Mancuso cited persistent economic pressures and increased competition, while the company slightly raised its full-year adjusted EPS guidance to $5.67 at the midpoint. The on! PLUS nicotine pouch line expanded to 120,000 stores nationwide, and management highlighted regulatory clarity from recent FDA actions as supportive for future launches.
Altria GroupAdjusted EPS missed estimates and operating margin declined, despite revenue meeting expectations.